German liberals float idea of strategic Bitcoin reserve to rival United States

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Last Updated on 31 December 2024 by CryptoTips.eu

It was to be expected that some German political parties would float a Bitcoin idea (an idea being formulated to see if it resonates with voters) around this time of year, but it is still somewhat surprising to see it coming from Christian Lindner, head of the German Liberal Party and former German Minister of Finance. With his backing, is Germany set to become the first European country to copy the Trump plan?

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Strategic Bitcoin reserve

Let’s jump back to early November. Following Donald Trump’s victory in the US presidential election, his supporters and crypto fans are rapidly pushing the price of Bitcoin higher as a Trump administration is expected to be a very positive environment for digital currencies.

In mid-December the rumor emerges that Donald Trump plans to sign an ‘executive order’ to purchase 1 million Bitcoins on the first day of his presidency already (aka on January 20, 2025). That purchase wouldn’t be carried out all at once of course, but spread over several years. This rumor pushed the price of Bitcoin to its all-time high of $107,000.

If the United States does indeed create a Bitcoin reserve, the value of such a stockpile will have to compete with their strategic oil and gold reserves. According to the US Constitution, Trump must however ensure that purchasing Bitcoin does not damage the value of the dollar.

February

In any case, the plan is very popular among young voters and crypto fans. Christian Lindner, head of the German Liberals and until recently Germany’s Finance Minister, has also taken note.

In an interview on Sunday, he stated that if the Liberals are part of the next German government, a strategic Bitcoin reserve for Germany would become a policy proposal.

Germany (which was obliged by its own legislation to sell all its Bitcoins last year) is faced with snap elections on February 23, 2025. We already know that Bitcoin, just as in the United States, will be a talking point during the campaign.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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